Equis Funds Group has closes its first fund, Equis Asia Fund I, with $647 million, exceeding the firm’s $500 million target. The firm focuses on Asian energy and infrastructure deals, and has already made two investments, in a Southeast Asian solar generation platform and a hydroelectric generation platform in India.
Equis Funds Group (“Equis”), a pan-Asian independent fund manager focused on Asian energy and infrastructure, has announced the final closing of its first fund, Equis Asia Fund I (“Fund I”) at US$647 million, exceeding the firm’s US$500 million fundraising target.
Equis has attracted the support of a diversified partner base, including endowments, insurance companies, pension and superannuation funds and multilaterals. Several partners in Fund I are making their first investment into Asian energy and infrastructure.
“We have been fortunate to form a partnership with some of the largest endowments, pension funds and financial institutions in North America, Europe and Asia with strong energy and infrastructure investment pedigrees, a testament to the merits of alignment through the independent manager model and Equis’ unique strategy of Asian energy and infrastructure investment” said David Russell, CEO of Equis Funds Group.
To date, Equis Asia Fund I has already made two investments, into one of South-East Asia’s largest solar generation platform and a hydroelectric generation platform in India. “Equis’ sector mapping and risk/return benchmarking, which is designed to identify asset classes undergoing unique transformation and offering alpha returns, has enabled the Equis Asia Fund to develop a strong proprietary pipeline of investment opportunities for its partners.” Equis is currently finalizing its third and fourth investments, which are expected to complete in early 2013.
MVision Private Equity Advisors acted as the global placement agent for Equis Asia Fund I.
SJ Berwin Hong Kong acted as legal counsel to Equis during the fundraising.
About Equis Funds Group
Equis Funds Group (“Equis”) is a pan-Asian private equity group focused on investing in Asian energy and infrastructure. Equis is uniquely positioned to leverage Asia’s rapidly growing energy and infrastructure demands, offering investors private equity style returns with the downside protection of owning real assets generating stable cashflows.
Equis comprises twenty senior professionals previously from Asian market leading institutions including the Macquarie Group, the Asian Development Bank, AES Corporation, Marubeni Power and APG. The Management Team has strong investment, operational, development, construction and realization experience across the Asian energy and infrastructure industry.
Equis has offices in Bangkok, Chengdu, Delhi, Hong Kong and Singapore.